Administration of Estates
We are aware of the emotional stress that people face after the death of a loved one and having to deal with the financial and administrative processes that follow can only add to that pressure. For people facing bereavement for the first time the whole process can be overwhelming.
We believe that our job is to alleviate as much of the stress and worry that follows bereavement as possible by being supportive and understanding to our clients as well as completing the required legal formalities in a timely and professional manner.
What is more, clients should know the cost of any legal work from the outset. That is why we are one of the few solicitors firms to offer fixed fees for probate.
Our fixed fee probate services start from as little as £495 plus VAT, court and oath fees and related disbursements.
Administration of Estates – Grant Application Only
For executors/administrators who require assistance with the grant application only we will:
- carry out valuations of assets and liabilities of the deceased’s estate;
- draft IHT205/IHT400 Tax Return;
- draft Oath for Executors/Administrators;
- deal with the formalities of swearing the document in the presence of an independent solicitor;
- make the formal grant application to the probate court on your behalf;
- collect in the sealed copies of the grant of representation for use by the executors/administrators.
Fees - Grant Application Only
- Grant Application only (estates worth less than £275,000) - £495 plus VAT, court and oath fees and related disbursements.
- Grant Application only (estates worth more than £275,000) - £995 plus VAT, court and oath fees and related disbursements.
Administration of Estates – Full Administration
For executors/administrators who would prefer the reassurance of having the obligations and responsibilities of their role dealt with by professional and experienced lawyers we also offer fixed fee services for our full administration service. In a full administration we will:
- carry out valuations of assets and liabilities of the deceased’s estate;
- deal with the legal formalities of making the grant application (Drafting and Submission of Inland Revenue Forms; Drafting and arranging swearing of oath; making formal application to probate court;
- collect in the sealed copies of the grant of representation for use by the executors/administrators;
- distribute sealed copies of the grant to asset holders and creditors of the estate;
- collect in estate assets and discharge any liabilities;
- deal with finalisation of Income Tax;
- produce comprehensive set of estate accounts;
- distribute estate in accordance with the will/intestacy.
Fees - Full Administration
- full Administration (estate worth less than £100,000) - £1,195 plus VAT, court and oath fees and related disbursements;
- full Administration (estate worth more than £100,000 but less than £200,000) - £1,995 plus VAT, court and oath fees and related disbursements
- full Administration (estate worth more than £200,000 but less than £275,000) - £2,495 plus VAT, court and oath fees and related disbursements
- full Administration (estate worth in excess of £275,000). For more complex estate we would recommend arranging a meeting with one of our legal team to access the requirements of the estate and will be able to provide you with a fixed fee quote once we have been able to gather more information.
For more information please contact our wills and probate department on 084 4804 4800 or email us at wills@richardnelsonllp.co.uk.